L3 Technologies Inc (NYSE:LLL) has been assigned a consensus recommendation of “Buy” from the fourteen analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $215.30.
A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of L3 Technologies from $195.00 to $205.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of L3 Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. SunTrust Banks assumed coverage on shares of L3 Technologies in a research report on Monday, November 20th. They issued a “buy” rating on the stock. Credit Suisse Group reiterated an “outperform” rating on shares of L3 Technologies in a research report on Thursday, December 7th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $250.00 price objective on shares of L3 Technologies in a research report on Wednesday, January 24th.
Shares of L3 Technologies (LLL) traded down $0.46 on Tuesday, hitting $212.89. 1,106,597 shares of the stock were exchanged, compared to its average volume of 787,944. The company has a current ratio of 1.89, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $16,640.00, a price-to-earnings ratio of 25.19, a PEG ratio of 2.70 and a beta of 1.26. L3 Technologies has a twelve month low of $159.43 and a twelve month high of $218.71.
L3 Technologies (NYSE:LLL) last announced its earnings results on Thursday, January 25th. The aerospace company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.55 billion. L3 Technologies had a net margin of 6.37% and a return on equity of 13.63%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the firm posted $2.38 earnings per share. analysts expect that L3 Technologies will post 9.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.80 per share. This is a positive change from L3 Technologies’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, February 28th. L3 Technologies’s payout ratio is presently 35.50%.
In other L3 Technologies news, insider Michael T. Strianese sold 22,545 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $196.26, for a total transaction of $4,424,681.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 299,150 shares of company stock worth $61,651,095 over the last 90 days. Insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of LLL. Royal Bank of Canada boosted its position in shares of L3 Technologies by 102.8% during the 2nd quarter. Royal Bank of Canada now owns 58,870 shares of the aerospace company’s stock worth $9,836,000 after purchasing an additional 29,845 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of L3 Technologies by 58.3% during the 2nd quarter. Macquarie Group Ltd. now owns 1,900 shares of the aerospace company’s stock worth $317,000 after buying an additional 700 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of L3 Technologies by 11.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 8,123 shares of the aerospace company’s stock worth $1,358,000 after buying an additional 817 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of L3 Technologies during the 2nd quarter worth $1,195,000. Finally, Koch Industries Inc. acquired a new position in shares of L3 Technologies during the 2nd quarter worth $279,000. Institutional investors own 77.44% of the company’s stock.
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About L3 Technologies
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.
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